About 922 loans
About 922 loans
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referring to prepayment of loans were established out as being a Take note below area 936 of the title and have been repealed by
When pinpointing population density below this part, the Secretary shall prescribe a calculation process which—
In awarding assistance below this portion, the Secretary shall give precedence to proposals for initiatives that—
§936. Guaranteed loans; accommodations and subordination of liens; fascination fees; assignability of guaranteed loans and connected ensures
(ii) concur to complete Create-outside of the middle mile infrastructure described in the appliance by not afterwards than five yrs once the initial date on which proceeds through the aid provided underneath this section are made out there; and
No sums Along with the payment of your excellent principal equilibrium because of around the financial loan could possibly be billed as the results of these kinds of prepayment against the borrower, the fund, or the Secretary.
The borrower shall shell out the charge essential below this part at the time the present warranty is extended by generating a payment in the level of the necessary fee.
(four) payment on the holder of insured notes of any defaulted installment or, on assignment on the Observe into the Secretary at his ask for, your complete equilibrium owing to the Observe;
The Secretary shall involve any entity getting support under portion 950bb–1 of this title to submit a semiannual report for five a long time just after completion of the undertaking, within a structure specified from the Secretary, that describes—
The notes from the Secretary to your Secretary from the Treasury to get money for loans underneath sections 904, 905,one and 922 of the title, and all other liabilities versus the appropriations or assets inside the fund in reference to electrification and phone personal loan functions shall be liabilities from the fund, and all other obligations towards these kinds of appropriations or property within the fund arising from electrification and telephone mortgage operations shall be obligations in the fund.
added portion catchline and textual content and struck out previous textual content which examine as follows: "You can find hereby created and founded an company of The us being often more info known as the 'Rural Electrification Administration', most of the powers of which shall be exercised by an Administrator, who shall be appointed because of the President, by and with the advice and consent from the Senate, for the term of 10 yrs, and who shall receive a income of $10,000 annually. This chapter could be cited as the 'Rural Electrification Act of 1936'."
The phrase "broadband buildout necessity" indicates the extent of World-wide-web company an applicant obtaining support underneath this part have to agree, at some time the appliance is finalized, to supply for the period of any challenge-linked arrangement in between the applicant and the Section.
bundled the transmission of Seems, indicators, pictures, producing, or signs of all types in just "telephone assistance", and substituted "message telegram assistance or Neighborhood antenna tv technique providers or amenities other than People supposed exclusively for academic purposes" for "telegraph companies or amenities".
(5) supply details to electric and phone borrowers less than this chapter regarding the eligibility of these borrowers to make an application for fiscal support, loans, or grants from other Federal companies and non-Federal resources to empower these borrowers to grow their rural advancement efforts; and